All Forum Posts by: Sam Horton

Hi @Michael Smythe - sorry this will be a non-recorded in-person event. 

When: Thursday, August 17th from 6:00 pm to 8:00 pm

Where: Boston Connect Real Estate 19 Mattakeesett St, Pembroke, MA 02359

Additional Information: Please park at Shepard's Funeral Home (just to the right of Boston Connect). Light food will be served, BYOB.

Guest Speaker: Safe Harbor Properties

Safe Harbor originated as two separate, but similar ideas by two of the four partners during the Covid stricken year of 2020. Since then the team has purchased two remotely operated Self Storage facilities (the second almost entirely with investor and bank money) and created a Storage Property Management Company. With a portfolio of assets valued near $4.5mm in 3 short years, they have their eyes set towards the future. This year they are working to expand both of those properties and find the next Value Add Facility for their portfolio. Their desire for a deep understanding of each part of the industry has led to them being sought out by people looking to break into the industry throughout the country. They left no stone unturned while researching the asset type, digging deep into everything from investor financing, to door and latch development in modern units. They have consulted for potential buyers or builders in New York, Massachusetts, Rhode Island, Texas, Indiana, and are now partnering with a group that sought them out from North Carolina.

Learn about:

• - The Basics of Modern Storage
• - How to Calculate Valuation
• - Value Add investing - Residential vs Storage
• - Realization of the Created Value - Sales vs Loans
• - Property Management Options
• - Investing with Other People's Money - what do you need to demonstrate in your Business Plan

When: Thursday, July 20th from 6:00 pm to 8:00 pm

Where: Boston Connect Real Estate 19 Mattakeesett St, Pembroke, MA 02359

Additional Information: Please park at Shepard's Funeral Home (just to the right of Boston Connect). Light food will be served, BYOB.

Note: 

As the temperatures rise and vacation plans unfold, we understand that many of you will be traveling and enjoying some well-deserved time off. 🏖️🌴

Given the vacation season, we have decided not to have a formal speaker at our July meet-up. However, rest assured that we will still be gathering for our regular networking event. 🤝🗣️ Join us at the Boston Connect office in Pembroke for an evening of connection, knowledge sharing, and building valuable relationships within the real estate community.

As always, we encourage open discussions, exchanging ideas, and learning from one another's experiences. 🧠💡 If you or someone you know is interested in speaking at our next meet-up or any future events, please reach out to us. We would love to hear from you and explore opportunities for enriching our networking group with insightful presentations.

Mark your calendars for June 15th and gear up for the Boston South Meet Up's Summer Social! Starting at 6 PM, we'll delve into the dynamic world of real estate investing and entrepreneurship. Come mingle with fellow local investors and entrepreneurs, exchange experiences, and cultivate new insights. Let's toast to summer, to learning, and to the community!

When: Thursday, June 15th from 6:00 pm to 8:00 pm

Where: Snapping Turtle Lane Kingston, MA 02364

Additional Information: This will be an outside event with a fire pit. Grilled food will be served, BYOB. 

Call/Text 781-896-6456 if you need assistance locating the property.

We are delighted to welcome Wilson Kistler, a Certified Financial Planner™ and partner at Ewanouski Wealth Management, as our upcoming guest speaker. Wilson will discuss various financial tools to enhance your real estate investing business, such as the Infinite Banking Concept. His extensive experience in financial services and CFP® education equip him with a comprehensive understanding of the investment landscape and the key elements of a robust financial profile.

In this meetup, Wilson will share valuable insights on innovative financial strategies and their potential to create opportunities in the real estate investing space:

• - Infinite Banking Concept: Explore this distinctive approach to personal finance, which enables you to use a life insurance policy as your bank, providing flexibility and control over your investments, including real estate ventures.
• - Life Insurance Policy as a Financial Tool: Learn how to harness a life insurance policy to accumulate wealth, invest in real estate, and access capital for various financial needs, empowering you to seize lucrative real estate opportunities.
• - High-Interest Rate Environments: Grasp how to adjust your investment objectives and capitalize on high-interest rate environments to optimize your returns and achieve your financial goals in real estate investing.

Seize this chance to expand your financial knowledge and refine your investment strategies.

Join us at the Real Estate Investor Meetup on May 18 at 6:00 PM in Boston Connect Real Estate 19 Mattakeesett St, Pembroke, MA 02359.

We look forward to seeing you there!

@Max Danto Welcome to BP! I found both mentors and partners by attending and now hosting network events for Real Estate Investors. Check out the meet-ups on BP and start attending. Not all are created equally so it may take a few to find one you like attending. 

@Joseph Amaral - Welcome to BP! I'm a Realtor/Investor and I run a local meet-up on the South Shore if you are ever interested. Feel free to DM me for more info. 

@Thomas Ryan - To be clear we were able to obtain the ZBA approval before we purchased the property. Might be good to make the purchase contingent upon zoning appeals approval if the seller allows for that language. Good luck

Hey @Thomas Ryan - Not from Philly so I can't speak to your state specifically but we just finished a transaction similar to this converting a mixed-use building into a 4 family in Mass. 

We submitted an application with the ZBA to discuss our plans and address any concerns the board/neighbors had. They approved us but with the condition of an approved permit from the building department for 4 family use. Keep in mind that you may also need to obtain additional permits from the building department to comply with the new zoning designation. For example, we had to put in a commercial-grade sprinkler system in order to comply with the building permit. 

The time it takes to complete this process can vary, depending on the complexity of the case and the level of neighborhood support. It can take anywhere from a few months to over a year in my experience. 

Hi @Friday Delorio,

There are some alternative methods to paying "cash" out of your own pocket. 

1) Private or hard money lenders: You can use private or hard money loans to finance the initial purchase and rehab costs. Can require 10-30% down though depending on the lender and 1-3 points.

2) Home Equity Line of Credit (HELOC): If you have equity in an existing property, you can use a HELOC to fund the purchase and rehab of a new property. This allows you to leverage your current assets without paying cash upfront.

3) Partner with other investors: or "OPM" other people's money. Partnering with other investors can help you share the initial costs and spread the risk. A partner can contribute cash, while you bring your expertise in the BRRRR method and handle the property management.

4) Seller financing: In some cases, you can negotiate with the seller to finance the property purchase. This method can save you from paying the full amount upfront and you can negotiate terms with the seller on the note. 

Hope this helps